net worth calculator

Net Worth Calculator

Your net worth is an important, simple way to measure your financial health. If you earn $45,000 a year, have worked for 15 years, but only have a net worth of $5,000, it’s clear that you haven’t been able to save enough to establish a solid foundation for yourself. Our Net Worth calculator makes it easy. If you don't know what Net Worth means, start here first.

What’s A “Good” Net Worth Number?

One of our favorite books about money is The Millionaire Next Door. If you plan to become a millionaire, you need to read it ASAP. We also love the book’s simple benchmark for your net worth.

It has a simple formula for a net worth value you should shoot for, which is: Net Worth Target = Age X Pre-Tax Income / 10. Another great benchmark is: Years Worked X Avg. Salary X 0.25.

One thought to “Net Worth Calculator”

  1. I have almost no savings, and my current account is rarely more than about $10 000. However, I do own our house. So that means that my net worth is probably around $600,000. But above all, my wife and I have government pensions that will keep paying around $8000 a month until we drop dead. How do you include that?

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